This Diwali to next, DLF is a safe bet for Neeraj Dewan, Siyaram Silk Mills a value buy
Market expert Neeraj Dewan has a target of Rs 975 for DLF for one year and says it is a stock for portfolio. One can rides it for a longer term also. BCL can be a high-risk rocket. With the margin improvement and the quality of business improving, Dewan’s one-year target for BCL is Rs 80 and he thinks in the next two-three years, BCL may continue to improve as far as the top-line and the bottom-line is concerned because of value addition. Textile stock Siyaram Silk Mills Limited is a great value bomb. It is available at a very reasonable valuation. Dewan has a target of Rs 525 for one year for the stock.
Which is the one stock that you think is a safe spot to park your money in for the new Samvat?
Neeraj Dewan: The safe sparkler I have chosen is DLF. It is a 75-year-plus-old company which is in real estate development and real estate management. They are very strong in the Delhi-NCR region and they have been growing. Even the sales have been growing. There has been 53% net sales booking in the last three years and they expect to continue the momentum as far as the launches are concerned. They have very good launches scheduled in the next half of this year, and that will keep the momentum strong for the current year.
Plus, they have a very good portfolio for rental for the annuity which they plan to have about Rs 6,600 crore just from the rental business. It is going to be an annuity for them and will keep on growing at 20% profit per year. DLF is synonymous with luxury. They have launched a lot of luxury projects
